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Voya Financial Stock Near 52-Week High: What Investors Should Know?
ZACKS· 2024-09-19 16:11
Voya Financial, Inc. (VOYA) closed at $76.78 on Wednesday, near its 52-week high of $77.53. This proximity underscores investor confidence. It has the ingredients for further price appreciation. The stock is trading above the 50-day and 200-day simple moving average (SMA) of $70.38 and $71.21, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data. Earnings of Voya Financial grew 16.2% in the last five ye ...
VOYA to Strengthen Wealth Solutions With Buyout, Shares Rise
ZACKS· 2024-09-13 17:06
Shares of Voya Financial, Inc. (VOYA) gained 0.5% in the last trading session after the insurer agreed to buy OneAmerica Financial, Inc.'s full-service retirement plan business for an upfront purchase price of $50 million. The transaction, upon materialization, will strengthen the acquirer's full-service retirement business within Wealth Solutions. This segment accounted for about 41% of total adjusted operating revenues in 2023. OneAmerica Financial is a diversified mutual insurance organization. Its full- ...
Voya (VOYA) Moves 5.9% Higher: Will This Strength Last?
ZACKS· 2024-09-12 13:40
Voya Financial (VOYA) shares soared 5.9% in the last trading session to close at $74.94. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 7.6% gain over the past four weeks. Voya will buy OneAmerica Financial's full-service retirement plan business. The acquisition adds strategically attractive scale to Voya's full-service retirement business within Wealth Solutions. Once acquired, the acquisition will broaden Voya's set of capabi ...
Here's Why Investors Should Hold Voya Financial (VOYA) Now
ZACKS· 2024-08-20 15:11
Voya Financial, Inc. (VOYA) has been gaining momentum on the back of strategic acquisitions, favorable retention, positive impacts of the Benefitfocus acquisition, improved investment income, stronger surplus income and sufficient liquidity. Growth Projections The Zacks Consensus Estimate for Voya Financial's 2024 earnings per share indicates a year-over-year increase of 3.4%. The consensus estimate for revenues is pegged at $1.26 billion, implying a year-over-year improvement of 11.8%. The consensus estima ...
Why Voya Financial (VOYA) is a Great Dividend Stock Right Now
ZACKS· 2024-08-09 16:47
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures ...
Voya Financial(VOYA) - 2024 Q2 - Quarterly Report
2024-08-01 20:22
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 —————————————————————— FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35897 Voya Financial, Inc. (Exact name of registrant as specified in its charter) Delaware 52-1222820 (St ...
Voya Financial(VOYA) - 2024 Q2 - Earnings Call Transcript
2024-07-31 20:18
Voya Financial, Inc. (NYSE:VOYA) Q2 2024 Earnings Conference Call July 31, 2024 10:00 AM ET Company Participants Mike Katz - EVP, Finance Heather Lavallee - CEO Don Templin - CFO Matt Toms - Head, Investment Management Rob Grubka - Head, Workplace Solutions Conference Call Participants John Barnidge - Piper Sandler Elyse Greenspan - Wells Fargo Tom Gallagher - Evercore ISI Jimmy Bhullar - JPMorgan Ryan Krueger - KBW Wilma Burdis - Raymond James Wes Carmichael - Autonomous Research Suneet Kamath - Jefferies ...
Voya Financial (VOYA) Q2 Earnings Beat, Dividend Raised
ZACKS· 2024-07-31 18:36
Voya Financial, Inc. (VOYA) reported second-quarter 2024 adjusted operating earnings of $2.27 per share, which beat the Zacks Consensus Estimate by 3.6%. The bottom line, however, decreased 1.7% year over year due to lower net underwriting gains in Health Solutions, partially offset by higher fee-based revenues in Wealth Solutions and Investment Management. Behind the Headlines Adjusted operating revenues amounted to $324 million, down 6.6% year over year. The top line missed the Zacks Consensus Estimate by ...
Voya (VOYA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-07-31 01:01
The reported revenue represents a surprise of -0.38% over the Zacks Consensus Estimate of $325.25 million. With the consensus EPS estimate being $2.19, the EPS surprise was +3.65%. Here is how Voya performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Client Assets - Wealth Solutions - Full Service Total AUM and AUA - Health Solutions Revenues- Net investment income Adjusted Operating Revenues- Investment Management - Total Adjusted Opera ...
Voya Financial (VOYA) Surpasses Q2 Earnings Estimates
ZACKS· 2024-07-30 22:51
Voya Financial (VOYA) came out with quarterly earnings of $2.27 per share, beating the Zacks Consensus Estimate of $2.19 per share. This compares to earnings of $2.31 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.65%. A quarter ago, it was expected that this retirement, investment and insurance company would post earnings of $1.58 per share when it actually produced earnings of $1.88, delivering a surprise of 18.99%. Over ...